PROVIDENCIALES, Turks & Caicos Islands, 7th December 2015 – E. Jay Saunders, Founder & CEO of Domus Semo Sancus (DSS), is on a mission. In an unforgettable night at Jai’s Jewelry Store, located in the Regent Village, Grace Bay; E Jay stepped out in a cloud of smoke as new character, Bond, E Jay’s Bond; and disclosed his mission to bring the KYC (Know Your Client/Customer), AML (Anti-Money Laundering), and background checking world into the cognitive era. Event attendees watched as E. Jay revealed DSS’ new online application SafetyNet, which is poised to revolutionize the way background checking is done.
SafetyNet is a global background checking utility that is powered by IBM Watson. Watson is a cognitive computing platform that is designed to understand, reason, and learn. Like a human, it can read and understand natural language, but at a rate of 800 million pages per second. SafetyNet utilizes Watson’s cognitive power to search high risk and persons in public life (politically exposed persons) databases along with big data from the internet at large to help companies tackle their onboarding risks. In addition, it also gives companies an in-depth view of their current clients. With features such as Personality Insights, SafetyNet not only helps companies manage risks, but it also help them improve their customer service, as companies can use the date to tailor their products and services to match a customer’s needs.
When it comes to background checking, SafetyNet powered by IBM Watson is helping businesses “outthink the limits of what’s possible.”
”SafetyNet breaks new ground in the background checking space.” stated E. Jay, who went on to say that “We are confident that it has the potential to revolutionize not just the KYC and AML space, but also background checking for the on-demand economy. Once customers try SafetyNet they’ll see that they’re not just doing due diligence, but enhanced due diligence. And to top it off, they can get a full report on an associate or entity-of-interest within minutes.”
Since 2013, financial institutions around the world have been fined over US$10 Billion dollars for KYC and AML lapses. With SafetyNet, DSS customers have a tool that can help them avoid adding to that figure.
SafetyNet is a business to business (B2B) application. To learn more visit www.safetynetkyc.com
About Domus Semo Sancus (DSS)
Domus Semo Sancus (DSS) Ltd, founded by E. Jay Saunders, is a financial technology company that is building tools to encourage financial inclusion and bridge the e-commerce divide. DSS’ SafetyNet™ is a global state-of-the-art employee and customer onboarding utility Powered by IBM Watson, that helps companies understand the potential risks that an employee or customer represents.
DSS sponsored and co-hosted its first annual hackathon (CANTO C.O.D.E 1.0) for elite software programmers from across the Caribbean, which took place between the 27th to the 29th July 2015 in Miami, Florida.
For more information on Domus Semo Sancus (DSS), visit: www.semosancus.com.
IBM Watson: Pioneering a New Era of Computing
Watson is the first open cognitive computing technology platform and represents a new era in computing where systems understand the world in the way that humans do: through senses, learning, and experience. Watson continuously learns, gaining in value and knowledge over time, from previous interactions. With the help of Watson, organizations are harnessing the power of cognitive computing to transform industries, help professionals do their jobs better, and solve important challenges.
To advance Watson, IBM has two dedicated business units: Watson, established for the development of cloud-delivered cognitive computing technologies that represent the commercialization of “artificial intelligence” or “AI” across a variety of industries, and Watson Health, dedicated to improving the ability of doctors, researchers and insurers and other related health organizations to surface new insights from data to and deliver personalized healthcare.
For more information on IBM Watson, visit: ibm.com/Watson and ibm.com/press/watson.